About RSS
Search for: in 

Windows Watch - an XP & Vista blog

R E L A T E D   C O N T E N T

Free email newsletters




Jargon Buster

ADVERTISEMENT

Mortgage giant braces itself for bumper write down

HBOS prepares to shore up reserves following hefty write down with a rights issue

Barbara Buchanan, Accountancy Age 28 Apr 2008
ADVERTISEMENT

The UK’s largest mortgage lender, HBOS, is expected to reveal a write down of up to £3bn tomorrow at its annual shareholder meeting.

The board is also expected to decide whether to go ahead with raising up to £4bn in capital through a rights issue to bolster its reserves.

The HBOS’s core tier 1 ratio, a measure of its strength, stands at 5.7% higher than the Royal Bank of Scotland which last week announced a £12bn rights issue to boost itself from a ratio of 4% to 6%.

HBOS has made gloomy predictions of the UK economy and forecast a modest single digit decline in UK house prices this year.

Further reading:

Read the Daily Telegraph story


All Companies & Markets

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

Permalink for this story
R E A D E R   C O M M E N T S

M A R K E T P L A C E
Sponsored links
F E A T U R E D   J O B S
Guildford, Surrey, United Kingdom | Enstar
 IT Development Manager/IT Development Project manager - Guildford - £40k - £60k plus benefits   Enstar (EU) Limited (formerly Castlewood (EU) Limited) is seeking an IT Development Project Manager and an IT Development Manager to ... more >
Sandiacre, Nottinghamshire, United Kingdom | NHS Midlands
Workstream Lead Requirement, Design, Build and Test (Business Analyst) Strategic IM&T - Delivery   Band 7:      £29,091 - £38,352 per annum Hours:       37.5 per week Base:         Octavia House, Sandiacre Job Ref:     973 - 080810   ... more >
London, United Kingdom | Utilyx
Senior Business Analyst - London Highly professional individual capable of working at senior / board level with blue chip clients - shaping and driving the analysis and design of their energy management solutions Proven capability ... more >
(Poole, Bournemouth, Dorset, Hampshire), United Kingdom | RNLI
Analyst - Network & Telecoms - £35,000+ - Poole, Bournemouth, Dorset, Hampshire Our data and voice network team's impact on the organisation is considerable. And with something in the region of 5,000 direct users connected ... more >
More job opportunities
Join our fight for a fair deal when shopping online
ADVERTISEMENT